TOKYO (Reuters) -- Nippon Steel said on Friday it will sell its entire 50% stake in a joint venture steel plant it has in Calvert, Alabama, with ArcelorMittal if the top Japanese steelmaker's buyout bid for U.S. Steel is successful.
Nippon Steel's planned purchase of U.S. Steel has faced political opposition since it was signed last December. U.S. Vice President and Democratic presidential candidate Kamala Harris and Republican challenger Donald Trump both say they support keeping U.S. Steel as an American-owned company.
